Safety Milestone Achieved
Achieved 8 consecutive lost time injury-free quarters despite increased man hours due to Stage 3 expansion.
Strong Financial Performance
Quarterly revenue increased by 102% to $96.3 million compared to the same period last year.
Increased Gold Production
Gold equivalent production increased 43% from Q2 2024, producing 34,816 ounces.
Record Financial Position
Record net cash balance of $123.8 million and working capital balance of $189.3 million.
Stage 3 Expansion Progress
Stage 3 expansion commissioning commenced, with 87% of growth capital spent or committed, remaining on budget.
Positive ESG Impact
Significant benefits to the Papua New Guinea economy, including $62.6 million in taxes and royalties, a 134% increase over 2023.